BNP Paribas Arbitrage SA reduced its stake in HFF Inc. (NYSE:HF) by 45.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,545 shares of the company’s stock after selling 5,410 shares during the period. BNP Paribas Arbitrage SA’s holdings in HFF were worth $181,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huntington National Bank bought a new position in HFF during the second quarter worth $115,000. PineBridge Investments L.P. boosted its position in HFF by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,395 shares of the company’s stock worth $127,000 after buying an additional 172 shares during the last quarter. Barclays PLC bought a new position in HFF during the second quarter worth $132,000. Teacher Retirement System of Texas boosted its position in HFF by 21.0% in the second quarter. Teacher Retirement System of Texas now owns 5,061 shares of the company’s stock worth $146,000 after buying an additional 879 shares during the last quarter. Finally, Mason Street Advisors LLC bought a new position in HFF during the second quarter worth $196,000. 84.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of HFF Inc. (NYSE:HF) opened at 26.53 on Friday. The company has a market cap of $1.01 billion, a P/E ratio of 12.36 and a beta of 1.71. The company’s 50-day moving average price is $26.96 and its 200 day moving average price is $28.75. HFF Inc. has a 52 week low of $21.36 and a 52 week high of $37.75.
HFF (NYSE:HF) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.10. HFF had a net margin of 16.05% and a return on equity of 44.99%. Equities research analysts anticipate that HFF Inc. will post $2.02 earnings per share for the current fiscal year.
Several analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on HFF from $32.00 to $30.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 27th. Zacks Investment Research downgraded HFF from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, TheStreet raised HFF from a “hold” rating to a “buy” rating in a research note on Monday, July 25th.
In other news, CEO Mark Gibson sold 17,849 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $29.54, for a total value of $527,259.46. Following the sale, the chief executive officer now owns 685,006 shares in the company, valued at $20,235,077.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Joe Thornton, Jr. sold 39,827 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $28.12, for a total value of $1,119,935.24. Following the completion of the sale, the president now owns 706,679 shares in the company, valued at approximately $19,871,813.48. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.
HFF, Inc is a provider of commercial real estate and capital markets services to both the users and providers of capital in the United States commercial real estate industry. The Company offers capital markets services, including debt placement; investment sales; distressed debt and real estate owned advisory services; equity placement; investment banking and advisory services; loan sales, and commercial loan servicing.
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